Car Parks - What a simple investment, showing 7.5% net return. - $155000

Description

These five car parks are located in the basement of the exclusive JEWEL building at 566 St Kilda Road, Melbourne. The 5 carspaces are made up of a Double and Triple Carpark, both are located near the lifts, have easy access and are leased by a prominent tenant to 31 October 2010, with a 3+3 year option. The Jewel is a magnificent commercial office building comprising approximately 130 freehold office suites. The building has a cafe on the ground floor, a gift shop, a gym and a substantial serviced office centre. The car parks can be purchased individually as a tandem for $70,000 plus GST and a triple car park for $85,000 plus GST. Call now for further details. For further information please view the following link: 566 ST KILDA RD PROJECT IMPORTANT NOTE: All prices, rents and outgoings are quoted exclusive of GST. The Purchaser, Tenant or Occupant will be liable to pay the GST if applicable. An interested party is at all times responsible to ensure that the property inspected is suitable for their purposes and should note that the nominated area measurements are approximate and should not be relied upon. Area calculations may vary substantially, depending upon the basis of measurement. A Net Lettable Area is often smaller than a Title measurement. The Agent does not warrant that any area is correct and will not take any responsibility for area calculations, provided by a third party. The Agent recommends that a Purchaser, Tenant or Occupant have an area measurement certified by a surveyor if they wish to rely upon it.